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TheEI ar Soeie Statement of Financial ActiTrTrties 2021 General Restricted Fund funds 2020 Total Total Income Subscriptions Gift Aid Royalties Inveslment income Branch receipts Other Donations and L£gacies Total income 25.066 2.196 25.066 2.196 27,522 1,260 122 213 3,413 651 5.074 651 7,503 2.429 2.570 35.663 2.570 38.092 93,856 126,446 2.429 F.xpenditure Sociery objeclives Joumals & Newsletters Branch Activities AGM PR & Advertising Web site maintenance On-line presentations and meetings Sundry Elgar in performance Elgar Medals Administratio Auihorised exps Council & Executive Re-branding and web sile redesign Menibership administration Total Expenditure 11,043 9,223 11,043 10,4(A) 10,464 7,945 1,237 120 317 120 317 846 380 13,717 45 432 371 814 6,142 1,446 380 11.780 45 422 422 7,996 373 45,719 977 7.996 373 24.706 21,013 28,681 SurpluslDeficit 10.957 (18.584) (7.627) 97,765 Branch account trnnsfers Balances b/f 914 79.256 (914) 116.917 196,173 98,408 Balanees clf 91.127 97,419 188,546 196,173 20
TheEI ar Soeie Balance sheet 2021 2020 Curren( accounts Inves(ec investment Monmouth BS 90-day account Branches, bank balances Debtors and Accrued Income Creditors Net assets 22,994 54.125 85.387 33.956 478 {8.394) 188,i46 28,611 54,125 85,001 31,367 5,207 (8.138) 196,173 Restricted Funds Kay Trust Branches (London & Wesi Midlands ) 77,433 19,986 97,419 97,210 19,707 116,917 General fund 91,127 79,256 Total funds 188,546 196,173 21
The Elgar Soeiety Notes to the Accounts for the year ended 31 December 2021 l. Basis of accouniin These accounis have been prepared on the basis of hisiorica] cosi in accordance with: the Staiement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iteland (FRS 102); and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. 2. Accountin olicies 2.1 Subscriptions Subscriptions are accounted for in the year in which ihey are received, except for subscripiions received in advance which are catried fonvard io the nexi year. 2.2 Other incoming resources These are included in the Siatemen( of Financial Activities (SOFA) when: the Society becomes entitled to Ihe resources: the Iruslees are virtually cenain they will receive Ihe resources: and the monetary value can be measured wi(h sufficieni reliability. Where incoming resource% have relaied expenditure (for example. sub%criptions) the incoming resources and related expendithre are reported gross in the SOFA. 2.3 Donaiions and legacies Donations and legacies are only included in the SOFA when the S(Kiety has unconditional eniiilemeni 10 ihe resources. During (he year a generous donaiion of £2,500 w&% received from the estate of the late Richard Bradburn. The Society is very grate1 for this gift. 2.4 recoverable on subscripiions, donaiions and gifis Incoming resources from tax recoverable included in the SOFA ai the same tiTne as the income to which they relate. 2.5 Branches Although the regional branches of the Society are constituted under separate rnles the income and expenditure of the brCheS are included in these accounts. 2.6 Taxation The Society is a regisiered charity no 298062 and accordingly is exempi from Lqxaiion on its income and gains where they are applied for charitable purposes. 22
- Trusiees, ex enses During the year, travel and other out of p(Kket costs amounting to £422 were reimbursed to 2 members of the Council and the Execuiive when appropriaie claims were made (2020 £667 reimbursed to 6 individuals). No member of the Council nor any person connecied with them has received any remuneration in the year.
- Donaiions s onsorshi Grant.% and other financial %upport given lo institutions xre a material part of the tothl resources expended by the Society. Elgar in Perfonnance grants amounting to £13.717 were made to 5 organisalions (2020 £6,142 to 9 organisations). Many of the perforniances due to be sponsored by the Society have been w>8iponed 10 2022.
- Restricied funds Kay Tst These fund8 were given wilh the proviso thai the lund8 may not be used for routine running expenses but should be devoted to capital or other longer tenn projects. 23
Independent examinerfs report to the tntsttes of The Elgar Souety I report to the trustees on my examination of the accounts of The Elgar Society Ithe Society) for the year ended 31 December 2021. Responslbllltles and basi5 of report As the charity trustees of the Society you are reskK¢nsible for the preparation of the account5 in accordance with the requirements of the CharÉties Act 20111'the ACVI. I report in respect of my exaMinatn of the Societvs accounts carried out under seCtn 145 of the 2011 Art and in carrying out my exarnination I have followed all the applicable Directions given by the Charity Commission under sertion 14515llb} of the Act. Independent examinerfs statemefit I have completed my examination. I confirm that no material matters have come to my attention in connertion with the examination 8i¥in8 me cause to believe that in any material respect= l. accounting records were not kept in respert of the Society as required by section 130 of the Act,. or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the applicable requirernents concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2CX)8 other than anv requirement that the accounts give a 'true and fair vW which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Adrian Benselin 3 Maylands Avenue Breaston Derbyshire DE72 3EE 5June 2022